There are a number of projects people automatically think about when trying to add value to their property. And, while some renovation projects will work in pretty much any market, it’s important that you take the specificities of your own market into consideration if you want to make the best return on your investment. Not only that, but some common modifications might actually end up turning away local buyers. Let’s take a look at some ways that you can increase the value of your California home.
Bathroom remodels are one of those modifications that will usually give you a good return. However, you have to make sure that you do it right.
Eco friendly additions should be a priority here, so consider adding a low flow toilet and shower head. These will be big winners in markets such as Paso Robles for instance. One thing you should reconsider, however, is moving major components. Not only could this end up costing you a lot more, but it could be almost impossible to do yourself. If you absolutely have to, make sure that you work with a reputable plumber Paso Robles who specializes in bathroom remodels.
Other things you could consider are changing the flooring for luxury vinyl tiles, decorating the main mirror, and adding some extra space on your vanity.
Building a deck is one of the most cost effective ways to increase the value of your California home. The best thing about it is that it’s a project that is actually accessible for DIYers. Building a 100 square feet deck will cost you around $1500 to $3500, but could give you a great return on investment. This is one of the fastest projects to complete too.
If you have extra space somewhere in the basement or the attic, you might be sitting on some value right there. Reinventing a space is a simple way to add some square footage to your home, and could be a deciding factor in some cases.
Changing a basement into a second living room or a games room is something that will catch the interest of many buyers. An attic is another perfect space for a games room. Just try to keep costs under control if you want to get a return.
You could go all out with some solar panels, but these can get expensive, and you’re not guaranteed a return. Adding some energy efficient windows, on the other hand, can be done on the cheap and will be a huge selling point in a market like California. According to HGTV, sellers were able to recoup as much as 90% of their investment with energy efficient windows.
These are just some of the renovations that you could consider if you want to make your California home more attractive and get better offers. Just make sure to have a clear budget and stick to it, and don’t hesitate to ask your realtor for suggestions.